U.S. market indexes were higher on Monday. The Dow Jones Industrial Average closed at 22,956.96 for a gain of 85.24 points or 0.37%. The S&P 500 closed at 2,557.64 for a gain of 4.47 points or 0.18%. The Nasdaq Composite closed at 6,624.00 for a gain of 18.20 points or 0.28%. The VIX Volatility Index was higher for the day at 9.90 for a gain of 0.29 points or 3.02%.
Monday’s market movers
All three of the U.S. market’s leading large-cap indexes closed at new highs on Monday. The Dow Jones is now within 50 points of 23,000. Corporate earnings reports and a continued positive outlook on tax reform helped stocks to gain.
There were no market-moving economic reports on Monday.
In the Dow Jones Industrial Average, the following stocks led gains:
JPMorgan (JPM, Financial) 2.08%
Travelers (TRV, Financial) 1.74%
General Electric (GE, Financial) 1.61%
Goldman Sachs (GS, Financial) 1.48%
Coca-Cola (KO, Financial) 0.93%
Chevron (CVX, Financial) 0.80%
In the broad market, financial and technology stocks led gains. The S&P 500 financial sector gained 0.65% and the S&P 500 technology sector gained 0.38%.
Small-cap stocks
In small-caps, the Russell 2000 closed at 1,502.68 for a gain of 0.02 points or 0.01%. The S&P 600 Small-Cap Index closed at 908.14 for a loss of -0.23 points or -0.03%. The Dow Jones Small-Cap Growth TSM Index closed at 9,089.11 for a loss of -4.39 points or -0.05%. The Dow Jones Small-Cap Value TSM Index closed at 10,085.53 for a gain of 5.71 points or 0.06%.
Other notable indexes
Other notable index closes included the S&P 400 Mid-Cap Index at 1,819.46 for a gain of 0.64 points or 0.04%; the S&P 100 at 1,129.29 for a gain of 3.13 points or 0.28%; the Russell 3000 at 1,517.15 for a gain of 2.26 points or 0.15%; the Russell 1000 Index at 1,417.95 for a gain of 2.28 points or 0.16%; and the Dow Jones U.S. Select Dividend Index at 680.62 for a gain of 0.02 points or 0.01%.
